29 Nov 2012 | 09:52 am | 1 min. read
Pinsent Masons' restructuring team has been lauded for their work with underperforming and financially distressed businesses at the prestigious annual Institute for Turnaround (IFT) Awards. The law firm received the prestigious Award for Turnaround Legal Adviser 2012.
The IFT awards – widely regarded as Europe’s top turnaround awards - recognise companies that have faced financial or operational difficulties over the last few years but have, thanks to an excellent turnaround strategy, transformed their business to come out stronger than ever before. Such transformations are especially important in the current economic climate and Pinsent Masons have been instrumental in making these transformations possible.
Pinsent Masons’ restructuring team have received the Turnaround Legal Adviser 2012 award for their role in turning struggling businesses around. They work across many sectors and have extensive experience of advising on recovery strategies for the benefit of stakeholders. The team undertakes assignments for clearing banks, lenders, hedge funds, asset based lenders and private equity houses. The team nationally acted on 23 Plc restructurings in the last 12 months and hosts one of the largest annual restructuring conferences of its kind in Europe. Such works highlight the important role the legal profession can play in ensuring the success of British business.
Jamie White, Head of Restructuring at Pinsent Masons said, “Receiving this award was a great accolade for the team and demonstrates the first class service delivery that we bring to restructuring assignments and the huge amount of teamwork with our clients that allows us to deliver results on the assignments that we work on, no matter whether it involves a complex corporate restructuring or a not-for-profit IFT Foundation project”.
Christine Elliott, CEO of Institute for Turnaround said, “Legal professionals, such as the team at Pinsent Masons, play a vital part in fixing businesses before they pass the point of no return. The awards are an opportunity to acknowledge the fantastic and often uncelebrated work that turnaround and restructuring professionals undertake behind the scenes. They are a credit to the business landscape and the economy as a whole.”
This is Pinsent Masons' second accolade in a month, the restructuring team also won the “Turnaround of the Year 2012” award at the 2012 Asian Transformation and Turnaround Association (ATTA) Awards.
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